Wednesday, October 17, 2018
Extra Posting : Some economists and sociologists predict that in the near future, China may replace the United States as the world's economic power. Do you think this may happen? / HanBin Bae
Currently, China has the largest domestic market in the world. Domestic demand alone enables sustainable economic growth. The population is more than four times that of the United States, and it is also overwhelming in human resources. Moreover, China has opened its economy. This will ease regulations on foreign investment capital and trading activities in the market, which will encourage foreigners to invest more. As a result, as foreign investment capital builds numerous factories in China, many jobs will be created and exports will increase, which will lead to greater economic growth.
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